Please finish question #3, SHOWING ALL WORK ACCORDINGLY ON ALL SECTIONS. Thank you!

Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $325,000 and machine hours to be 25,000. Actual manufacturing overhead and machine hours were $372,000 and 26,000, respectively. Required: 1. Compute the predetermined overhead rate. 2. Compute applied manufacturing overhead. 3. Compute over- or underapplied manufacturing overhead. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute over- or underapplied manufacturing overhead. Manufacturing Overhead $34.000